Market Overview:
The global functional food product market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing awareness about the benefits of functional foods, rising demand for convenience foods, and growing trend of healthy eating. The global functional food product market by type is segmented into carotenoids, vitamins, probiotics, prebiotics, fatty acids, dietary fibers, minerals and others. The carotenoids segment accounted for the largest share in 2017 and is projected to grow at a CAGR of 8% from 2018 to 2030. This growth can be attributed to the increasing demand for natural colorants in various applications such as food & beverage products and dietary supplements. The vitamins segment accounted for the second-largest share in 2017 and is projected to grow at a CAGR of 7% from 2018-2030 due its health benefits such as reducing risk of heart diseases and cancer. The global functional food product market by application is divided into dairy products, cereals & bakery products soy products fish eggs meat Others (nutraceuticals supplements). Dairy Products was estimated as one among top application areas with highest revenue generation followed by Cereals& Bakery Product Segment during year 2017 .
Product Definition:
A functional food is a food that has a physiological effect beyond the traditional nutrients it contains. Functional foods may provide health benefits beyond basic nutrition, such as reducing the risk of disease or improving mental health.
Carotenoids:
Carotenoids are organic pigments that are found in plants and animals. They act as antioxidants and protect the body against chronic diseases, cellular damage, and the effects of aging. Carotenoids have various functions in food products such as providing color, enhancing flavor or taste of a product along with protecting from cancer & heart-related diseases.
Vitamins:
Vitamins are organic compounds that are required in small quantities for the normal functioning of the human body. They play an important role in maintaining a healthy diet and supporting specific functions such as cell growth, nerve function, and tissue repair. Vitamins can be obtained through food sources or may be produced by the human body itself; however, they cannot be manufactured artificially.
Application Insights:
Dairy products, cereals and bakery products, and soy products are the major application segments of the global functional food product market. These applications are further divided into infant nutrition, children¢â‚¬â„¢s nutrition, elderly nutrition, pregnancy & lactation management programs. The dairy segment dominated the overall application market in 2017 owing to high demand for nutritional additives in milk production.
The fish and meat category is expected to witness significant growth over the forecast period due to rising awareness regarding health benefits associated with these foods. Increasing consumption of meat from sources such as chicken breast is expected to boost industry growth over the forecast period since chicken breast contains a higher percentage of essential nutrients compared with other cuts of meat like pork chop or steak which means more bang for your buck when it comes to investing in a single serving size packet or container of this product category.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of population, with more than 6.3 billion people living in Asia Pacific as of 2017’s World Population Day. Growing disposable income coupled with increasing awareness regarding functional foods among consumers is anticipated to drive demand across this region over the forecast period.
Europe accounted for a significant share owing to high consumer awareness along with growing health concerns among working class population about maintaining good health and well-being at workplace resulting into increased consumption of these products across this region. North America also held a considerable market share due to growing consumer preference toward convenience food products along with rising obesity problems in U.S., which has led major companies including Kellogg's, General Mills, Tyson Foods Inc., Cargill Inc., and Conagra Ltd.
Growth Factors:
- Increasing awareness about the benefits of functional food products among consumers.
- Rising demand for healthy and nutritious food products among health-conscious consumers.
- Growing popularity of preventive healthcare and wellness programs across the globe.
- Proliferation of retail outlets that sell functional food products, especially in developed countries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Food Product Market Research Report
By Type
Carotenoids, Vitamins, Probiotics, Prebiotics, Fatty Acids, Dietary Fibers, Minerals, Others
By Application
Dairy Products, Cereals and Bakery, Soy Products, Fish, Eggs, Meat, Others
By Companies
Unilever, Red Bull GmbH, PepsiCo Inc, Arla, Dean Foods, Kellogg, Nestle, AbbVie Inc, Suntory, Danone, Abbott Laboratories, General Mills, GFR Pharma, Amway
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Functional Food Product Market Report Segments:
The global Functional Food Product market is segmented on the basis of:
Types
Carotenoids, Vitamins, Probiotics, Prebiotics, Fatty Acids, Dietary Fibers, Minerals, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy Products, Cereals and Bakery, Soy Products, Fish, Eggs, Meat, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Unilever
- Red Bull GmbH
- PepsiCo Inc
- Arla
- Dean Foods
- Kellogg
- Nestle
- AbbVie Inc
- Suntory
- Danone
- Abbott Laboratories
- General Mills
- GFR Pharma
- Amway
Highlights of The Functional Food Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carotenoids
- Vitamins
- Probiotics
- Prebiotics
- Fatty Acids
- Dietary Fibers
- Minerals
- Others
- By Application:
- Dairy Products
- Cereals and Bakery
- Soy Products
- Fish
- Eggs
- Meat
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Food Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A functional food product is a food that has been designed to improve health or well-being. Functional foods can include items such as supplements, beverages, and snacks.
Some of the key players operating in the functional food product market are Unilever, Red Bull GmbH, PepsiCo Inc, Arla, Dean Foods, Kellogg, Nestle, AbbVie Inc, Suntory, Danone, Abbott Laboratories, General Mills, GFR Pharma, Amway.
The functional food product market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Food Product Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Functional Food Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Functional Food Product Market - Supply Chain
4.5. Global Functional Food Product Market Forecast
4.5.1. Functional Food Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Functional Food Product Market Size (000 Units) and Y-o-Y Growth
4.5.3. Functional Food Product Market Absolute $ Opportunity
5. Global Functional Food Product Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Functional Food Product Market Size and Volume Forecast by Type
5.3.1. Carotenoids
5.3.2. Vitamins
5.3.3. Probiotics
5.3.4. Prebiotics
5.3.5. Fatty Acids
5.3.6. Dietary Fibers
5.3.7. Minerals
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Functional Food Product Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Functional Food Product Market Size and Volume Forecast by Application
6.3.1. Dairy Products
6.3.2. Cereals and Bakery
6.3.3. Soy Products
6.3.4. Fish
6.3.5. Eggs
6.3.6. Meat
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Functional Food Product Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Functional Food Product Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Functional Food Product Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Functional Food Product Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Functional Food Product Demand Share Forecast, 2019-2026
9. North America Functional Food Product Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Functional Food Product Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Functional Food Product Market Size and Volume Forecast by Application
9.4.1. Dairy Products
9.4.2. Cereals and Bakery
9.4.3. Soy Products
9.4.4. Fish
9.4.5. Eggs
9.4.6. Meat
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Functional Food Product Market Size and Volume Forecast by Type
9.7.1. Carotenoids
9.7.2. Vitamins
9.7.3. Probiotics
9.7.4. Prebiotics
9.7.5. Fatty Acids
9.7.6. Dietary Fibers
9.7.7. Minerals
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Functional Food Product Demand Share Forecast, 2019-2026
10. Latin America Functional Food Product Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Functional Food Product Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Functional Food Product Market Size and Volume Forecast by Application
10.4.1. Dairy Products
10.4.2. Cereals and Bakery
10.4.3. Soy Products
10.4.4. Fish
10.4.5. Eggs
10.4.6. Meat
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Functional Food Product Market Size and Volume Forecast by Type
10.7.1. Carotenoids
10.7.2. Vitamins
10.7.3. Probiotics
10.7.4. Prebiotics
10.7.5. Fatty Acids
10.7.6. Dietary Fibers
10.7.7. Minerals
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Functional Food Product Demand Share Forecast, 2019-2026
11. Europe Functional Food Product Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Functional Food Product Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Functional Food Product Market Size and Volume Forecast by Application
11.4.1. Dairy Products
11.4.2. Cereals and Bakery
11.4.3. Soy Products
11.4.4. Fish
11.4.5. Eggs
11.4.6. Meat
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Functional Food Product Market Size and Volume Forecast by Type
11.7.1. Carotenoids
11.7.2. Vitains
11.7.3. Probiotics
11.7.4. Prebiotics
11.7.5. Fatty Acids
11.7.6. Dietary Fibers
11.7.7. Minerals
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Functional Food Product Demand Share, 2019-2026
12. Asia Pacific Functional Food Product Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Functional Food Product Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Functional Food Product Market Size and Volume Forecast by Application
12.4.1. Dairy Products
12.4.2. Cereals and Bakery
12.4.3. Soy Products
12.4.4. Fish
12.4.5. Eggs
12.4.6. Meat
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Functional Food Product Market Size and Volume Forecast by Type
12.7.1. Carotenoids
12.7.2. Vitamins
12.7.3. Probiotics
12.7.4. Prebiotics
12.7.5. Fatty Acids
12.7.6. Dietary Fibers
12.7.7. Minerals
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Functional Food Product Demand Share, 2019-2026
13. Middle East & Africa Functional Food Product Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Functional Food Product Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Functional Food Product Market Size and Volume Forecast by Application
13.4.1. Dairy Products
13.4.2. Cereals and Bakery
13.4.3. Soy Products
13.4.4. Fish
13.4.5. Eggs
13.4.6. Meat
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Functional Food Product Market Size and Volume Forecast by Type
13.7.1. Carotenoids
13.7.2. Vitamins
13.7.3. Probiotics
13.7.4. Prebiotics
13.7.5. Fatty Acids
13.7.6. Dietary Fibers
13.7.7. Minerals
13.7.8. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Functional Food Product Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Functional Food Product Market: Market Share Analysis
14.2. Functional Food Product Distributors and Customers
14.3. Functional Food Product Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Unilever
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Red Bull GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PepsiCo Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Arla
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dean Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kellogg
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nestle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AbbVie Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Suntory
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Danone
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Abbott Laboratories
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. General Mills
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GFR Pharma
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Amway
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
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